Key facts
- Trump Media & Technology Group sold 2,628 Bitcoin.
- The sale is valued at approximately $165 million.
- The Bitcoin were transferred to Crypto.com.
- Trump Media's Bitcoin holdings are now 4,261 BTC.
- Trump Media previously sold 1,000 BTC in February.
- The February sale involved transferring Bitcoin to Kraken.
Trump Media & Technology Group has executed a sale of 2,628 Bitcoin, a move that liquidates a substantial portion of its digital asset reserves. The sale, valued at approximately $165 million, saw the Bitcoin transferred to the cryptocurrency exchange Crypto.com. Following this transaction, the company's remaining Bitcoin holdings have decreased to 4,261 BTC. This is not the first time Trump Media has sold Bitcoin; the company previously sold 1,000 BTC in February, also transferring them to Kraken. The sales are part of a strategy to manage its cryptocurrency assets and potentially convert them into fiat currency for operational needs or other investments. The company's financial strategy involving digital assets continues to be a point of interest for investors and market observers.